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TeamLease, eCentric enter into definitive agreement

11 Feb 2019 Evaluate

TeamLease Services and eCentric have entered into a definitive agreement on February 11, 2019 vide which TeamLease, through its wholly owned subsidiary TL Digital acquires the IT staffing business of eCentric by way of business transfer/ slump sale arrangement. The transaction will be immediately accretive to TeamLease’s earnings per share and be financed with existing financial resources.

TeamLease Services is one of India’s leading providers of human resource services with a vision of Putting India to Work. The Employment services include staffing solutions, recruitment services and compliance services.

Peers
Company Name CMP
SIS 418.30
Quess Corp 341.10
TeamLease Services 1172.95
Bluspring Enterprise 144.95
BLS Internatl. Serv. 224.25
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